Formidable Fortress ETF (KONG)
Formidable Fortress ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Cincinnati, OH, US. The stock last traded at $32.88, up 0.83% on the session, giving a market capitalisation of $22.4M. Its beta of 0.59 implies it has historically moved less than the broad market.
Under normal market conditions, the fund seeks to meet its investment objective by investing in large- and mid-cap equity securities, including common stocks and real estate investment trusts (“REITs”). It invests predominantly in common stocks of large- and mid-cap companies (the “Investable Universe”). The fund’s derivative investments may include, among other instruments: (i) options; (ii) volatility-linked ETFs; (iii) volatility-linked exchange-traded notes (“ETNs”). It is non-diversified.
Formidable Fortress ETF is most often compared with the following Financial Services names: